| This doesn't make sense to me. Firstly I'd be surprised if Amazon execs thought it was a good idea to get massively into CRE even pre pandemic given that Amazon/ecom was really starting to bite into CRE values with the shift to online shopping. A lot of retail space was starting to tank well before the pandemic hit. Secondly, even if you did have a load of CRE investments, you are likely to have more in AMZN stock itself. Surely you'd prioritise AMZN over one of your investments if you were an exec? Finally, commercial real estate is a large but niche asset class, typically held by pension funds wanting very long term income sources. I believe in the US there are lot of tax advantages you can take too, but they only apply to people that are primarily active in real estate, which would be a pretty hard push with the IRS if you were a c-suite amazon exec. My view (being remote first/only for many many years) is that WFH can work really well with the right team and culture, but hybrid doesn't. It's hard to get everyone on the same page when some are remote and some are WFH, plus it means doing loads of calls in the office when you are there with WFH people - which there aren't enough meeting rooms for. It's a mess. So, given most CEOs of large companies aren't going to commit to remote-only, which is too scary for them, in office will continue. I personally expect 4 days to become the norm in most companies (it was already moving that way pre covid, at least in London, with a lot of people WFH on Fridays). |